Monday 8/1/2022
Surprisingly, last weeks Fed
announcement had no negative reprices
to interest rates. In fact we saw a
decrease in interest rates largely due to
MBS coupon stack and healthy bond
gains.
We are hoping the interest rate high of
June will be the peak until the next
announcement, but at this point it's all
gambling since the market is so volatile.
If anyone was on the fence before about
putting in offers, then I would reach out
to all buyer and let them know that the
time to make a move is now. Home
prices are down, and they have more
buying power than they did 2 weeks
ago.
Weekly Rate Update
**Rates subject to change without notice, please call for APR. No
points included in example rates | Reach out for other scenarios i.e.
Asset depletion, A paper fall out, VOE only, Foreign National, Hard
Money, Bridge Loan, Construction, Reverse Mortgage). I/O rate
requires a 25% down payment.